DIVO vs. PBP
Compare and contrast key facts about Amplify CWP Enhanced Dividend Income ETF (DIVO) and Invesco S&P 500 BuyWrite ETF (PBP).
DIVO and PBP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DIVO is an actively managed fund by Amplify. It was launched on Dec 13, 2016. PBP is a passively managed fund by Invesco that tracks the performance of the Cboe S&P 500 BuyWrite Index. It was launched on Dec 20, 2007.
Performance
DIVO vs. PBP - Performance Comparison
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DIVO vs. PBP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIVO Amplify CWP Enhanced Dividend Income ETF | 2.19% | 17.40% | 16.22% | 6.95% | -1.46% | 22.87% | 12.40% | 24.90% | -3.18% | 21.41% |
PBP Invesco S&P 500 BuyWrite ETF | -0.63% | 8.49% | 19.83% | 11.59% | -11.82% | 19.97% | -3.31% | 14.60% | -5.57% | 11.98% |
Returns By Period
In the year-to-date period, DIVO achieves a 2.19% return, which is significantly higher than PBP's -0.63% return.
DIVO
- 1D
- 0.18%
- 1M
- -3.44%
- YTD
- 2.19%
- 6M
- 5.30%
- 1Y
- 17.84%
- 3Y*
- 14.21%
- 5Y*
- 11.02%
- 10Y*
- —
PBP
- 1D
- 0.41%
- 1M
- -2.60%
- YTD
- -0.63%
- 6M
- 5.67%
- 1Y
- 11.15%
- 3Y*
- 10.89%
- 5Y*
- 7.57%
- 10Y*
- 6.74%
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DIVO vs. PBP - Expense Ratio Comparison
DIVO has a 0.56% expense ratio, which is higher than PBP's 0.29% expense ratio.
Return for Risk
DIVO vs. PBP — Risk / Return Rank
DIVO
PBP
DIVO vs. PBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Enhanced Dividend Income ETF (DIVO) and Invesco S&P 500 BuyWrite ETF (PBP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| DIVO | PBP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 0.79 | +0.58 |
Sortino ratioReturn per unit of downside risk | 1.99 | 1.25 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.15 | +0.77 |
Martin ratioReturn relative to average drawdown | 9.07 | 6.53 | +2.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DIVO | PBP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 0.79 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.64 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.33 | +0.51 |
Correlation
The correlation between DIVO and PBP is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DIVO vs. PBP - Dividend Comparison
DIVO's dividend yield for the trailing twelve months is around 6.48%, less than PBP's 11.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVO Amplify CWP Enhanced Dividend Income ETF | 6.48% | 6.44% | 4.70% | 4.67% | 4.76% | 4.79% | 4.91% | 8.16% | 5.27% | 3.83% | 0.00% | 0.00% |
PBP Invesco S&P 500 BuyWrite ETF | 11.58% | 11.12% | 9.36% | 3.35% | 1.33% | 6.21% | 1.41% | 5.04% | 2.59% | 10.86% | 2.56% | 6.19% |
Drawdowns
DIVO vs. PBP - Drawdown Comparison
The maximum DIVO drawdown since its inception was -30.04%, smaller than the maximum PBP drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for DIVO and PBP.
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Drawdown Indicators
| DIVO | PBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.04% | -43.43% | +13.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.21% | -10.20% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -13.72% | -18.61% | +4.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.31% | — |
Current DrawdownCurrent decline from peak | -3.96% | -2.89% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -6.75% | +4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 1.80% | +0.15% |
Volatility
DIVO vs. PBP - Volatility Comparison
The current volatility for Amplify CWP Enhanced Dividend Income ETF (DIVO) is 3.58%, while Invesco S&P 500 BuyWrite ETF (PBP) has a volatility of 4.10%. This indicates that DIVO experiences smaller price fluctuations and is considered to be less risky than PBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIVO | PBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 4.10% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 7.01% | 5.98% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.13% | 14.26% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.93% | 11.95% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.93% | 13.68% | +1.25% |